Common use of Market Adjustments Clause in Contracts

Market Adjustments. The determination and payment of market adjustments is the sole responsibility of the Employer. On July 1 of each year the Employer will provide to the Union a list of those employees who are receiving market adjustments. In the event a new market adjustment is warranted or the Employer has reason to change or eliminate an existing market adjustment the Employer will notify the Union one (1) month in advance of this change being implemented. After a market adjustment has been in place for three (3) consecutive years, this adjustment shall be incorporated into the base wage for that position.

Market Adjustments. The determination and payment of market adjustments is the sole responsibility of the Employer. On July January 1 of each year year, the Employer will provide to the Union a list of those employees who are receiving market adjustments. In the event a new market adjustment is warranted or the Employer has reason to change or eliminate an existing market adjustment the Employer will notify the Union one (1) month in advance of this change being implemented. After a market adjustment has been in place for three (3) consecutive years, this adjustment shall be incorporated into the base wage for that position.